![Delay in Transferring ₹10.24 Lakh Unspent CSR Funds: MCA Imposes Penalty of ₹20.48 Lakh on Company and ₹1.02 Lakh on Each Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118182-delay-transferring-1024-lakh-unspent-csr-funds-mca-imposes-penalty-2048-lakh-on-company-102-lakh-each-director-taxscan.webp "Delay in Transferring ₹10.24 Lakh Unspent CSR Funds: MCA Imposes Penalty of ₹20.48 Lakh on Company and ₹1.02 Lakh on Each Director [Read Order]")
Delay in Transferring ₹10.24 Lakh Unspent CSR Funds: MCA Imposes Penalty of ₹20.48 Lakh on Company and ₹1.02 Lakh on Each Director [Read Order]
The Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs 20,48,482 on a company and Rs 1,02,424 on each director for the delay in...
![CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117680-csr-funds-received-with-specific-donor-conditions-not-automatically-taxable-income-itat-remands-jm-financial-foundation-case-taxscan-.webp "CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]")
![Reassessment Based on Audit Objection without AO’s application of mind is Invalid: Supreme Court Decides in favour of Adani Power [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117585-reassessment-based-audit-objection-without-aos-application-mind-is-invalid-supreme-court-decides-favour-adani-power-taxscan.webp "Reassessment Based on Audit Objection without AO’s application of mind is Invalid: Supreme Court Decides in favour of Adani Power [Read Order]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part III]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114134-annual-income-tax-case-digest-itat-decisions-2025-part-iii-taxscan.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part III]")
CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Principal Commissioner of Income Tax ( PCIT )’s revision order in Hapag Lloyd matter and restored the assessment, holding that ...
![CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099265-csr-donations-eligibility-section-80g-deduction-itat-quashes-pcit-revision-order-hapag-lloyd-taxscan.webp "CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]")
Applicability of S.68 to CSR Funds: ITAT Rules Addition Unjustified as Identity and Genuineness Proven [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) ruled that Section 68 of Income Tax Act,1961 did not apply to Corporate Social Responsibility (CSR) funds received by the assessee and...
![Applicability of S.68 to CSR Funds: ITAT Rules Addition Unjustified as Identity and Genuineness Proven [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CSR-Funds-ITAT-Rules-ITAT-Ahmedabad-ITAT-Income-Tax-Act-Section-68-Corporate-Social-Responsibility-Income-Tax-Income-Tax-Appellate-Tribunal-taxscan.jpg "Applicability of S.68 to CSR Funds: ITAT Rules Addition Unjustified as Identity and Genuineness Proven [Read Order]")
Availment of Blocked Input Tax Credit on CSR Expenses before 01.10.2023: How to Reply to GST SCN [Find Draft Format Here]
The controversy around the availment of Input Tax Credit ( ITC ) on Corporate Social Responsibility ( CSR ) expenses under the Goods and Services Tax ( GST ) regime has been an ongoing issue for many...
![Availment of Blocked Input Tax Credit on CSR Expenses before 01.10.2023: How to Reply to GST SCN [Find Draft Format Here]](https://www.taxscan.in/wp-content/uploads/2024/10/Input-Tax-Credit-CSR-expenses-Corporate-Social-Responsibility-GST-SCN-reply-TAXSCAN.jpg "Availment of Blocked Input Tax Credit on CSR Expenses before 01.10.2023: How to Reply to GST SCN [Find Draft Format Here]")
Companies (Accounts) Rules Amended: MCA mandates Separate CSR-2 Filing After AOC-4 or AOC-4-NBFC by Dec 31, 2024 [Read Notification]
The Ministry of Corporate Affairs (MCA) has amended the Companies (Accounts) Rules, 2014, through the Companies (Accounts) Amendment Rules, 2024. These amendments mandate that for the financial year...
